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Tecnicas Reunidas ( (ES:TRE) ) has issued an update.
Técnicas Reunidas reported strong financial results for 2024, with a 9% increase in its project portfolio and an 8% rise in sales compared to 2023. The company achieved a 16% growth in operating result (EBIT) and a 50% increase in net profit, reflecting its return to full operational capacity and solidifying its leadership position in the engineering sector. The company’s future outlook is positive, with expected revenues exceeding €5,200 million in 2025 and a focus on maintaining its operating margin around 4.5%, supported by significant new project awards in Argentina and the UAE.
More about Tecnicas Reunidas
Técnicas Reunidas is a company operating in the engineering industry, focusing on delivering high-quality engineering services and project management. The company is known for its strong project portfolio and its ability to work closely with clients to drive value engineering and risk mitigation.
YTD Price Performance: 38.56%
Average Trading Volume: 2,541
Technical Sentiment Consensus Rating: Sell
Current Market Cap: €1.21B
Find detailed analytics on TRE stock on TipRanks’ Stock Analysis page.